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Don't listen to ****roache 999. they just pumping and dumping crue.
here is what GBP up to.
They have cash for few months wages and rates.
but,
They need cash to keep the existing licences.
as the existing licences has no short term solution, they need cash to buy a new licence.
They need cash to do some work on the new licence when they buy it
only then we can see if it is successful or not.
expect sp to drop to 0.02 or 0.01 after all these dilutions.
GBP is 2 years behind TRP as they have licences in the same area. TRP bought new licences inland and still finding it difficult to even hire a rig given roads conditions and safety.
only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.
a little pull back and people panick and sell. rainbow chasers. i took the opportunity to buy in today. i have been watching this unfold and speaking with a few that are involved already. old bod was lifestyle. they have been booted by the tr1 holder. new bod put in by tr1 holder and he took most of the raise. new bod are very good and not taking a salary so minimum cost involved. they will fix any issues left by legacy bod. they will then bring in more licenses and bigger investors. they will not raise any lower than they have already as the tr1 doesn't want anything lower than what he has taken. any raises will be done much much higher up and only to unlock any value, so i would ignore any of the ****roaches that have popped up today. the new bod are a very top bod they are eager to get this to a 250mil market cap with producing assets and institutions involves. this could in the next few weeks do a few hundred percent rise. alot of interest in this at present. once overhang clears it will move very fast. dyor. good luck.
GBP need at least 4 -5 placings before it could show any positive results. PTR was in GBP position 2 years ago look at it now.
It has a licence close to GBP and it is aware there is no future with that one. PTR bought another licence in land and it spend one year looking for a rig to start digging there but it did not find any because of the terrain and safety issues.
GBP is likely to do the same and fall in the same trap again.
so expect dilution to 0.000001p or less.
There are a bunch of new investors trying to make their money using twitter form time to time and make 30-40 % on spikes. that all the story.
Yet another company funded and run entirely on placings. Will people never learn?
Up more than 40%, long may it continue
Do they have any proven reserves anyway?
If you want to tell yourself stories please do, but they can not fund an asset which includes reserves by a rbl based debt, they will need to buy it and then take a rbl based debt to develope it.
no money here for pi's!!!! they will dilute you 80-90% if they will bring a killer deal, then it will drop another 50% and if the deal is good it will be the time to buy and wait.
seen it before!!!!!
Any trade at a lower price then the spot price is a sell!
Yeah, but there is no reason why RBL could not be part of a production based deal
Just noticed my trade here this morning for the 7mil shares has been reported as a sale rather than a buy...
this site is pretty poor at times
You do know that for rbl (reserves based loan) financing you need reserves..
Dilution is not the only way. The BODs all have finance backgrounds. Would not be surprised to see debt based approach (RBL) or other financial instruments
Have seen this projects before, in the best case scenario they come with a deal to the ii's for funding the deal and diluting up to 90% the current shareholders...
take i3e for example with their first canadian deal with toscana.
Heavy buying going on,
must be something brewing
NT to buy
Not 10% meant 10 million shares.
£250 million market cap….blimey, won’t be chucking the kitchen sink at it but I’ll buy around £8k (which is 10% or just over 0.5% of the company). If they have got real plans and people they know start buying in, it could do very well from here.
Sp started rising and will rise
Be careful with twitter attacks that could be mounted by the new comers.
be careful with forward selling caused by the same lot
there is nothing positive to show yet except some fluff.
They have cash for few months wages and rates.
but,
They need cash to keep the existing licences.
as the existing licences has no short term solution, they need cash to buy a new licence.
They need cash to do some work on the new licence when they buy it
only then we can see if it is successful or not.
expect sp to drop to 0.02 or 0.01 after all these dilutions.
only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.
They just raised a couple weeks ago
Can see this trading well into double figure by mid January, being conservative
Maybe a miracle will come
No point selling at this low
I’ve got some peanuts in here as well